RBI urges companies to hedge FX exposure

SHORING UP: The Reserve Bank of India wants corporates to increase their hedge ratios to be better prepared for turmoil when the US decides to raise interest rates.

PHOTO: BLOOMBERG

Mumbai

INDIA'S central bank is making extra efforts to spur the country's corporates to more actively hedge their foreign exchange exposure, in order to fortify the country's defences against any risk of currency turmoil.